Stocks opened higher Monday and Tuesday but in each case those early gains were wiped out by close. Wednesday was a Fed day and investors celebrated their dovish decision to prolong any rate hikes. Stocks rallied into the close following the Fed statements which carried into Thursday's open. Stocks were down Friday but not enough to do any significant damage to the Wednesday and Thursday gains.
The C-fund was up more than 1% but the big news for the TSP funds was the 3.15% gain on the week for the I-fund. The S-fund also had a strong week with a 2.2% gain. The F-fund was up more than a half percent.
Here are the weekly, monthly, and annual TSP fund returns for the week ending September 23rd:
The SPY (S&P 500 / C-fund) closed an open gap from a sell-off earlier this month with the rally which carried over into Thursday. This open another gap but it was closed Friday's action. The SPY has now closed above its 50-day EMA (purple line) for three days straight which it hadn't done since the first week of this month. The C-fund was up 1.2% for the week.
The Dow Completion Index (S-fund) also closed a gap from earlier this month but it did leave an open gap behind this week in the process. The S-fund was up 2.2% for the week.
EFA (EAFE Index / I-fund) made big moves this week and even hit a new intraday high Thursday. An open gap was closed as the index pulled back Friday but opened a gap above in the process. The I-fund had a gain of 3.15% for the week to lead the TSP funds.
AGG (Bonds / F-fund) also rallied Wednesday and opened higher Thursday closing an open gap and producing another; a common trend of these indices this week. AGG is now above its 50-day EMA. The F-fund had a gain of 0.54% for the week.
Good luck and thanks for reading. We will be back here next week with another TSP Wrap Up. You can read our daily market commentary at the Market Comments page. If you need more help deciding what to do with your account, perhaps one of our Premium Services can help.
Tommy Crowley
www.tsptalk.com
Weekly Wrap-Ups Archive
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The legal stuff: This information is for educational purposes only! This is not advice or are commendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We use additional methods and strategies to determine fund positions.
The C-fund was up more than 1% but the big news for the TSP funds was the 3.15% gain on the week for the I-fund. The S-fund also had a strong week with a 2.2% gain. The F-fund was up more than a half percent.
Here are the weekly, monthly, and annual TSP fund returns for the week ending September 23rd:
The SPY (S&P 500 / C-fund) closed an open gap from a sell-off earlier this month with the rally which carried over into Thursday. This open another gap but it was closed Friday's action. The SPY has now closed above its 50-day EMA (purple line) for three days straight which it hadn't done since the first week of this month. The C-fund was up 1.2% for the week.
The Dow Completion Index (S-fund) also closed a gap from earlier this month but it did leave an open gap behind this week in the process. The S-fund was up 2.2% for the week.
EFA (EAFE Index / I-fund) made big moves this week and even hit a new intraday high Thursday. An open gap was closed as the index pulled back Friday but opened a gap above in the process. The I-fund had a gain of 3.15% for the week to lead the TSP funds.
AGG (Bonds / F-fund) also rallied Wednesday and opened higher Thursday closing an open gap and producing another; a common trend of these indices this week. AGG is now above its 50-day EMA. The F-fund had a gain of 0.54% for the week.
Good luck and thanks for reading. We will be back here next week with another TSP Wrap Up. You can read our daily market commentary at the Market Comments page. If you need more help deciding what to do with your account, perhaps one of our Premium Services can help.
Tommy Crowley
www.tsptalk.com
Weekly Wrap-Ups Archive
Facebook | Twitter
The legal stuff: This information is for educational purposes only! This is not advice or are commendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We use additional methods and strategies to determine fund positions.
